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Podcast: Money Matters with Hongbin Jeong and Chua Tian Tian
Episode: The Big Story: ComCare’s numbers dropped - Are families now really better off?
Description: The number of families receiving ComCare’s Short-to-Medium-Term Assistance (SMTA) fell to a five-year low in 2024, reflecting improvements in the economy, the job market, and other government support programs. And while short-term financial aid helps families meet their basic needs, nearly half of households who left SMTA in 2021 returned for assistance within three years, highlighting ongoing financial challenges. On The Big Story, Hongbin Jeong speaks to Nathan Peng, Assistant Professor of Political Science, Singapore Management University (SMU), to discuss the drop in SMTA recipients and how government programs are supporting lower-income families in both the sh...